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Stockholders' Equity

12 Months Ended

Feb. 02, 2020

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Stock Rollforward

A reconciliation of the number of shares of our common stock follows:

in millions	Fiscal			Fiscal			Fiscal
	2019			2018			2017
Common stock:
Balance at beginning of year	1,782			1,780			1,776
Shares issued under employee stock plans	4			2			4
Balance at end of year	1,786			1,782			1,780
Treasury stock:
Balance at beginning of year	(677	)		(622	)		(573	)
Repurchases of common stock	(32	)		(55	)		(49	)
Balance at end of year	(709	)		(677	)		(622	)
Shares outstanding at end of year	1,077			1,105			1,158

Annual per share cash dividends follow:

	Fiscal				Fiscal				Fiscal
	2019				2018				2017
Cash dividends per share	$	5.44			$	4.12			$	3.56

Accelerated Share Repurchase Agreements

We enter into ASR agreements from time to time with third-party financial institutions to repurchase shares of our common stock. Under an ASR agreement, we pay a specified amount to the financial institution and receive an initial delivery of shares. This initial delivery of shares represents the minimum number of shares that we may receive under the agreement. Upon settlement of the ASR agreement, the financial institution delivers additional shares, with the final number of shares delivered determined with reference to the volume weighted average price per share of our common stock over the term of the agreement, less a negotiated discount. The transactions are accounted for as equity transactions and are included in treasury stock when the shares are received, at which time there is an immediate reduction in the weighted average common shares calculation for basic and diluted earnings per share.

The terms of each ASR agreement entered into during the last three fiscal years, structured as outlined above, follow (in millions):

Agreement Date		Settlement Date		Agreement Amount				Initial Shares Delivered			Additional Shares Delivered			Total Shares Delivered
Q2 2017		Q2 2017		$	1,650			9.7			1.1			10.8
Q3 2017		Q4 2017		1,200				6.7			0.7			7.4
Q1 2018		Q2 2018		750				3.4			0.8			4.2
Q2 2018		Q3 2018		1,600				7.1			1.0			8.1
Q3 2019		Q4 2019		820				3.2			0.4			3.6

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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